Ieso Company Has Two Stores: J and K

Multiple Choice

Ieso Company has two stores: J and K. During November, Ieso Company reported a net operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses are $60,000 in Store J, and $40,000 in Store K.
-The segment margin ratio in Store J was:

A) 16%
B) 24%
C) 40%
D) 60%